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Heart To Heart Homecare Leases 11,000 SF Office Space In Downtown Brooklyn

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LEASED
$40

New York

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Office11,000 SF
Leased 08/28/2023
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LEASED

Heart To Heart Homecare Leases 11,000 SF Office Space In Downtown Brooklyn

1 Smith St Brooklyn, NY 11201, USA

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Office11,000 SF
Leased 08/28/2023
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$40
Total Square Footage:11,000 SF
Transaction Type:Lease

The office space located at 1 Smith Street in Downtown Brooklyn has recently been leased. The property, owned by Sutton Management, will now be occupied by Heart To Heart Homecare. The lease transaction was facilitated by Nick Zweig of Locations Commercial Real Estate Ltd.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $440,000 (based on $40/ft for 11,000 square feet)
  • Address: 1 Smith Street, Downtown Brooklyn
  • Market: Downtown Brooklyn
  • Landlord: Sutton Management
  • Tenant: Heart To Heart Homecare
  • Broker: Nick Zweig - Locations Commercial Real Estate Ltd

The lease agreement involves a total area of 11,000 square feet. Heart To Heart Homecare will now have a new office space at 1 Smith Street, benefiting from its convenient location in Downtown Brooklyn. This transaction brings together the landlord, Sutton Management, and the tenant, Heart To Heart Homecare, with the assistance of Nick Zweig from Locations Commercial Real Estate Ltd.

Players

10 deals$14.4M volume
BROKER

LANDLORD

Details

LEASED
IMAGE: Nick Zweig DATE: 08/28/2023 ADDRESS: 1 Smith Street MARKET: Downtown Brooklyn ASSET TYPE: Office LANDLORD: Sutton Management TENANT: Heart To Heart Homecare (@H2HHC) BROKER: Nick Zweig - Locations Commercial Real Estate Ltd ASKING RENT: $40/ft ~ SF: 11,000

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Deal Type
Effective Rent (Annual)

$504,410.69

Total Lease Value

$5,044,106.90

Net Landlord Cash Flow$504,410.69